Bitcoin Surpasses 100K, but Ripple Declines... December Gains Reversed

While Bitcoin (BTC) continues to show strength in the cryptocurrency market by surpassing $100,000, Ripple, which recently garnered significant attention with the launch of RLUSD, has been on a decline.

According to a report by Cointelegraph on the 5th (local time), Ripple (XRP) has fallen about 13% in the past 24 hours, trading around the $2.3 mark. This decline is part of a correction that began on the 3rd, experiencing a drop of about 25% after reaching a recent high of $2.9. Ripple's market capitalization has also decreased by about 8% during the same period, currently standing at $133 billion.

Cointelegraph explained, "Despite the recent drop, Ripple is forming a bullish flag pattern from a technical perspective. This is a setup where the price consolidates within a range after a sharp rise, indicating continued bullishness."